Stralem Co Inc Lowers stake in Dow Chemical Co (DOW)

Dow Chemical Co (DOW) : Stralem Co Inc reduced its stake in Dow Chemical Co by 8.85% during the most recent quarter end. The investment management company now holds a total of 562,645 shares of Dow Chemical Co which is valued at $29,600,753 after selling 54,658 shares in Dow Chemical Co , the firm said in a disclosure report filed with the SEC on Apr 18, 2016.Dow Chemical Co makes up approximately 3.18% of Stralem Co Inc’s portfolio.

Dow Chemical Co opened for trading at $52.36 and hit $52.82 on the upside on Friday, eventually ending the session at $52.61, with a gain of 1.21% or 0.63 points. The heightened volatility saw the trading volume jump to 54,05,074 shares. Company has a market cap of $58,771 M.

Other Hedge Funds, Including , Private Trust Co Na boosted its stake in DOW in the latest quarter, The investment management firm added 10,704 additional shares and now holds a total of 22,001 shares of Dow Chemical Co which is valued at $1,157,473. Dow Chemical Co makes up approx 0.31% of Private Trust Co Na’s portfolio.Daiwa Sb Investments Ltd. boosted its stake in DOW in the latest quarter, The investment management firm added 31,610 additional shares and now holds a total of 183,910 shares of Dow Chemical Co which is valued at $9,631,367. Dow Chemical Co makes up approx 2.42% of Daiwa Sb Investments Ltd.’s portfolio.

On the company’s financial health, Dow Chemical Co reported $0.93 EPS for the quarter, beating the analyst consensus estimate by $ 0.23 according to the earnings call on Feb 2, 2016. Analyst had a consensus of $0.70. The company had revenue of $11462.00 million for the quarter, compared to analysts expectations of $11169.48 million. The company’s revenue was down -20.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.85 EPS.

Many Wall Street Analysts have commented on Dow Chemical Co. Company shares were Resumed by Credit Suisse on Mar 24, 2016 to “Outperform”, Firm has raised the Price Target to $ 56 from a previous price target of $50 .Company shares were Reiterated by RBC Capital Mkts on Mar 23, 2016 to “Top Pick”, Firm has raised the Price Target to $ 62 from a previous price target of $60 .Dow Chemical Co was Upgraded by Susquehanna to ” Positive” on Feb 8, 2016.

The Dow Chemical Company (Dow) is as an integrated science and technology company. The Company is a diversified manufacturer and supplier of products used primarily as raw materials in the manufacture of customer products and services across the world. The Company operates in five segments: Agricultural Sciences Consumer Solutions Infrastructure Solutions Performance Materials & Chemicals and Performance Plastics. The Company serves various industries such as appliance automotive agricultural building and construction chemical processing electronics furniture housewares oil and gas packaging paints coatings and adhesives personal care pharmaceutical processed foods pulp and paper textile and carpet utilities and water treatment.

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